MIRA INFORM REPORT

Report Date :

25.09.2012

IDENTIFICATION DETAILS

Name :	CANKO MARKETING INC.
Registered Office :	Rm. 623, Tomato Parco 1267, Sanggye 1-dong, Nowon-gu, Seoul, , Korea 139-838

Country :	South Korea

Date of Incorporation :	10.04.2008

Com. Reg. No.:	127-86-10001

Legal Form :	Co., Ltd by shares

Line of Business :	Wholesale of Other Chemical Materials and Chemical Products

No. of Employees :	3

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear

NOTES :

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – June 30^th, 2012

Country Name

Previous Rating

(31.03.2011)

Current Rating

(30.06.2012)

South Korea

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

SOUTH KOREA - ECONOMIC OVERVIEW

South Korea over the past four decades has demonstrated incredible growth and global integration to become a high-tech industrialized economy. In the 1960s, GDP per capita was comparable with levels in the poorer countries of Africa and Asia. In 2004, South Korea joined the trillion dollar club of world economies, and currently is among the world's 20 largest economies. Initially, a system of close government and business ties, including directed credit and import restrictions, made this success possible. The government promoted the import of raw materials and technology at the expense of consumer goods, and encouraged savings and investment over consumption. The Asian financial crisis of 1997-98 exposed longstanding weaknesses in South Korea''s development model including high debt/equity ratios and massive short-term foreign borrowing. GDP plunged by 6.9% in 1998, and then recovered by 9% in 1999-2000. Korea adopted numerous economic reforms following the crisis, including greater openness to foreign investment and imports. Growth moderated to about 4% annually between 2003 and 2007. With the global economic downturn in late 2008, South Korean GDP growth slowed to 0.3% in 2009. In the third quarter of 2009, the economy began to recover, in large part due to export growth, low interest rates, and an expansionary fiscal policy, and growth was 3.6% in 2011. In 2011, the US-South Korea Free Trade Agreement was ratified by both governments and is projected to go into effect in early 2012. The South Korean economy''s long term challenges include a rapidly aging population, inflexible labor market, and heavy reliance on exports - which comprise half of GDP.

Source : CIA

Basic Information

Company Name	CANKO MARKETING INC. (Korean Company Name : “(주)캔코마케팅”)
Registered Address	1267, Sanggye 1-dong, Nowon-gu, Seoul, , Korea
Building	Rm. 623, Tomato Parco
Zip Code	139-838
Tel	+82-31-821-8774~5
Fax	+82-31-821-8776
E-mail	cankoinc@yahoo.co.kr;k4eyongj@naver.com
Website	www.cankoinc.co.kr
Trading Address	Rm. 623, Tomato Parco, 1267, Sanggye 1-dong, Nowon-gu, Seoul, , Korea (New Address System : Rm.623, 1700, Dongil-ro, Nowon-gu, Seoul, Korea)
Tel	+82-2-6315-0051
Fax	+82-2-6315-0052
Type	Export/Import
Industry	Wholesale of Other Chemical Materials and Chemical Products
Main Business	Chemicals, Dyestuff
Established (mm/dd/yyyy)	04/10/2008

Detailed Products

Activity	Detailed Products (UNSPSC)
Sell	Phthalein dyes(12171502)
Sell	Dyes(12171500)
Sell	Ink and lead refills(44121900)
Sell	Reactive Dyestuffs
Sell	Dyes(12171500)

CEO’s

Name	Kwon Ki-Hong(David)
Address	Suite 102, 9-1, Seokgot-ro, Seo-gu, Incheon, Korea
Date of Birth	08/14/1962
Title	Representative Director
Sex	Male
Nationality	Korean

Profiles

Capital (KRW)	250,000,000
Employees	3
Formation	Co., Ltd by shares
Bank Details	Industrial Bank of Korea-Deokgye Branch Nonghyup Bank
Corporate Registered No.	280111-0086966
Business Registered No.	127-86-10001
Permit & Licenses	Int’l Trade No.: 45301957
Shareholder Position	N/A
Company History	04/10/2008 Incorporated as the present name 12/31/2009 Increased capital to 250,000,000 KRW from 100,000,000 KRW 02/15/2012 Moved to the present HQ address from Rm. 614, Central Tower, 494, Uijeongbu 2-dong, Uijeongbu-si, Gyeonggi-do, Korea

Management

Job Description	Title	Name	Sex	Nationality	Inauguration Date
Representative Director	Mr.	Kwon Ki-Hong (David)	Male	Korean	04/10/2008

Financials

Year / Unit : KRW	Sales	Assets	Net Income
2011
2010
2009	6,000,000,000
2008	3,102,000,000

The latest & full financials are not available, and the Subject Company does not have any obligations to release its financials to the public.

Financial Description

Authorized Capital(KRW)	400,000,000
Paid-Up Capital(KRW)	250,000,000
Total Issues Shares	25,000

Products, Technologies, Services Description

Main Products & Services

Acid Dyes, Direct Dyes

Auxiliaries for Leather

Chemicals for The Leather Treatments

Dyestuffs & Chemicals

Leather Dyes

Trade Partners & Competitors

Competitors

JIN WOONG INDUSTRIAL CO., LTD.

619-1, GANAP -RI, GWANGJEOK-MYEON, YANGJU-SI, GYEONGGI-DO, KOREA

TEL:+82-31-837-6005 FAX:+82-31-837-6006

NATO CORPORATION LTD.

73, YONGAM-RI, EUNHYEON-MYEON, YANGJU-SI, GYEONGGI-DO, KOREA

TEL:+82-31-862-8181 FAX:+82-31-864-4294

RHEESOO DYES & CHEMICALS CO., LTD.

6TH FL., YEONGSANG BLDG., 397-17, DAEBANG-DONG, DONGJAK-GU, SEOUL, KOREA

TEL:+82-2-825-8541 FAX:+82-2-824-4294

Sales by Region

(Activity & Markets)

The Subject exports to India.

Court Action

Not Available.

News Clipping

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.53.29
UK Pound	1	Rs.86.43
Euro	1	Rs.68.95

INFORMATION DETAILS

Report Prepared by :

PRL

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	NB	New Business	--

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

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